Lincs waste management firm sold to Irish industry giant

BSP, based in Bourne, specialises in recycling plastics from waste electrical and electronic equipment (WEEE) and other waste plastic materials and converts it into a range of regrinds and compounds.

BSP will form the fifth operating unit within Enva Group and will continue to be led by existing managing director and principal shareholder Chris Riddle.

Tom Walsh, chief executive of Enva Group, said: “We are delighted to be investing in BSP. Chris and his team, through clever innovation and many years of process development, have established solutions for one of the critical waste challenges of our time; converting plastic waste back into a valuable raw material. The acquisition of BSP extends our existing suite of material recovery solutions. We are excited about the opportunity to support and accelerate the further development of BSP as it leverages its expertise across an ever-wider range of waste plastic materials.”

Niall Wall, executive chairman, said: “BSP’s advanced technology is at the forefront of our industry, which opens up a new strategically important dimension for our Group. It presents an opportunity to capitalise on the growing demand in this specialist area of the plastic recycling market.”

Riddle said: “This is a very exciting time for our business, our customers and our staff. Becoming part of Enva Group is a mark of what we have been able to achieve thus far. The acquisition gives us the platform to continue to build upon that success.”